Shareholders of Chemours Co (NYSE: CC) can enhance their income by selling January 2028 covered calls at a $40 strike price for a premium of $2.25, which equates to an annualized return of 8%. Combined with the current 1.9% dividend yield, this could result in a total annualized return of 9.9% if the stock is not called away. However, Chemours shares would need to rise 119.5% for the stock to be called, resulting in a total return of 131.9% from the current price of $18.37.
As of mid-afternoon trading on Monday, put volume among S&P 500 components stood at 2.52 million contracts, while call volume was significantly higher at 5.21 million contracts, yielding a put-to-call ratio of 0.48. This level of call volume reflects a strong preference among traders for calls compared to puts, which is lower than the long-term median put-to-call ratio of 0.65.
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